1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of dichloroethane in China was 2793 yuan/ton on March 24th, and 2810 yuan/ton on March 18th. The price of chloroethane fell by 0.59% this Tuesday.

2、 Analysis and Review

This Tuesday, the market price of chloroethane continued to be weak, with a moderate trading atmosphere and sufficient market supply. According to customs data, the export volume of 1,2-dichloroethane (ISO) from China in February 2024 was 35 tons, with an average export price of 3411 yuan/ton. The total export volume of 1,2-dichloroethane (ISO) from China from January to February was 5564.349 tons, a year-on-year increase of 92%.

In terms of raw materials, the quotation for ethylene CFR Northeast Asia increased by $5/ton this week.

On the demand side: Recently, major vinyl chloride manufacturers in East China have been operating steadily, and the supply of goods has increased. The mainstream quotation of domestic vinyl chloride products has been lowered, and the market transaction situation is slightly flat compared to the previous period. The quotation for ethylene based PVC in East China has increased by 50 yuan/ton.

3、 Future Market Forecast

From the perspective of the business society, there has been a narrow increase in the prices of raw materials and demand terminals, but there is sufficient supply of vinyl chloride, and procurement is mainly based on rigid demand. It is expected that the price of dichloroethane will remain stable and weak in the near future.